This document contains official instructions for Form IL-56 , Notice of Fiduciary Relationship - a form released and collected by the Illinois Department of Revenue. An up-to-date fillable Form IL-56 is available for download through this link.
Q: What is Form IL-56?
A: Form IL-56 is a Notice of Fiduciary Relationship form required in Illinois.
Q: Who needs to file Form IL-56?
A: Individuals or entities acting as fiduciaries for Illinois estates or trusts must file Form IL-56.
Q: What is the purpose of Form IL-56?
A: Form IL-56 is used to notify the Illinois Department of Revenue about the existence of a fiduciary relationship.
Q: When should I file Form IL-56?
A: Form IL-56 must be filed within 90 days of the creation or existence of the fiduciary relationship.
Q: Is there a fee for filing Form IL-56?
A: No, there is no fee for filing Form IL-56.
Q: What information is required on Form IL-56?
A: Form IL-56 requires information about the fiduciary, the estate or trust, and any beneficiaries.
Q: Are there any penalties for not filing Form IL-56?
A: Yes, there are penalties for failure to file Form IL-56, including potential fines and interest charges.
Q: Can I file Form IL-56 electronically?
A: No, at this time, Form IL-56 must be filed by mail or in person.
Instruction Details:
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Illinois Department of Revenue.